CICC Wealth Futures Analysis: AI siphon effect causes liquidity pressure on gold

CICC Wealth Futures analysis pointed out that Israel's announcement of military action against Lebanon has limited impact on crude oil prices, while the US stock market rebounded and gold prices continued to weaken. Central bank gold purchases provide a floor, but the upward momentum is insufficient. Under the siphon effect of AI, gold is facing liquidity pressure, which is the main reason for the decline in gold prices.